Press release
High-Temperature Battery Market Poised to Hit $7.24 Billion by 2029 with Accelerating Growth Trends
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.High-Temperature Battery Market Size Growth Forecast: What to Expect by 2025?
The market size of high-temperature batteries has seen robust growth in the last few years. It is projected to escalate from $4.57 billion in 2024 to $5.03 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.9%. Various factors contributing to the historical growth include the enhanced use of batteries in aerospace and defense sectors, the upsurge in implementing grid stabilization initiatives in isolated areas, a significant rise in the usage of these batteries in geothermal energy systems, an escalating trend to replace traditional power systems in harsh conditions, and an increasing need for high-performance batteries in mining tasks.
How Will the High-Temperature Battery Market Size Evolve and Grow by 2029?
The market for high-temperature batteries is projected to witness robust growth in the coming years, reaching $7.25 billion by 2029 with a CAGR of 9.6%. This surge in the forecast timeframe can be connected to the growing requirement for sturdy batteries within the smart grid structure, the increasing use of batteries for storing concentrated solar power, the rising employment of batteries in autonomous underwater vehicles, the expanding use of batteries for extensive energy backup systems, and the escalating demand for ruggedized batteries in the field of industrial robotics. The key trends during this forecast period encompass integration with grid-scale energy storage, deployment in remote and off-grid environments, application in high-powered medical devices, expansion in oilfield and subsurface monitoring, and employment in the forthcoming electric aviation sector.
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What Drivers Are Propelling the Growth of High-Temperature Battery Market Forward?
The growth of the high-temperature battery market is anticipated to be fueled by the upsurge in deployments within the oil and gas sectors. The term 'oil and gas' denotes the extraction of fundamental resources such as crude oil and natural gas from the Earth, which are principally used as sources of energy and raw materials for the petrochemical industry. The escalating global need for energy nudges companies to extend their exploration and production, establishing a stable supply while enhancing energy security and economic expansion. Within these sectors, high-temperature batteries are of immense significance. They offer reliable and hard-wearing power solutions for the equipment and operations in harsh climates, assuring constant performance, curbing downtime, and amplifying overall operational productivity. For example, data from the Energy Information Administration, a government agency based in the U.S., indicates that in December 2024, there was an upswing in the US production of both oil and natural gas (gross withdrawals) in 2023. The average production of oil was 13.3 million barrels per day, while natural gas production reached 128.8 billion cubic feet per day in December 2023. Consequently, the growth of the high-temperature battery market is being propelled by the escalating deployments in the oil and gas sectors.
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Which Emerging Trends Are Transforming the High-Temperature Battery Market in 2025?
Leading businesses in the high-temperature battery sector, including those using AGM (Absorbent Glass Mat) technology, are concentrating their efforts on product enhancements to cater to the surging need for dependable energy storage solutions. The AGM high-temperature battery is a sealed lead-acid variant that utilizes absorbent glass mat separators in order to maintain electrolyte stability, offering a safe, leak-free experience. It is engineered to deliver steady performance and long-lasting durability, even under severe temperature conditions. As an illustration, in November 2023, Exide Technologies, LLC, an American firm that specializes in battery manufacture and energy storage solutions, unveiled the Sprinter Pure Power battery line. This line is specifically designed for data center UPS and high-usage stationary applications. The batteries are constructed using advanced pure lead AGM technology, offering over a dozen years of design longevity, an increased power output by a fifth during high-rate discharge, and a decrease in total ownership costs due to enhanced charge efficiency and space economy, outperforming conventional AGM batteries.
What Are the Key Segments in the High-Temperature Battery Market?
The high-temperature battery market covered in this report is segmented as
1) By Type: Sodium-Sulfur Batteries, Sodium-Metal Halide Batteries, Lithium-Ion Batteries, Other Types
2) By Form Factor: Prismatic Batteries, Cylindrical Batteries, Pouch Cells, Custom-Shaped Batteries, Packaged Solutions
3) By Battery Range: 120°C-150°C, Above 150°C, 80°C-120°C
4) By Application: Energy Storage Systems, Electric Vehicles (EVs), Industrial Applications, Aerospace And Defense, Consumer Electronics
5) By End-User Industry: Renewable Energy, Transportation, Telecommunications, Manufacturing And Heavy Industry, Utilities And Energy Providers
Subsegments:
1) By Sodium-Sulfur Batteries: High-Temperature Cylindrical Sodium-Sulfur Batteries, High-Temperature Prismatic Sodium-Sulfur Batteries
2) By Sodium-Metal Halide Batteries: Sodium-Nickel Chloride Batteries, Sodium-Zinc Chloride Batteries
3) By Lithium-Ion Batteries: High-Temperature Lithium-Ion Batteries, Lithium Iron Phosphate Batteries (LFP), Nickel Manganese Cobalt Batteries (NMC)
4) By Other Types: Flow Batteries, Solid-State High-Temperature Batteries
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Who Are the Key Players Shaping the High-Temperature Battery Market's Competitive Landscape?
Major companies operating in the high-temperature battery market are Sumitomo Electric Industries Ltd., EVE Energy Co. Ltd., Diehl Stiftung & Co. KG, Saft Groupe SAS, EaglePicher Technologies, HBL Power Systems Limited, Ultralife Corporation, BREN-TRONICS Inc., Tadiran Batteries Ltd., Engineered Power Inc., Ambri Incorporated, Technology Limited, Rondo Energy Pty Ltd, Xeno Inc., RedoxBlox Inc., 1414 Degrees Pty Ltd, Sunamp Ltd., Kraftblock GmbH, Epsilor Ltd., EEMB Co. Ltd.
What Geographic Markets Are Powering Growth in the High-Temperature Battery Market?
Asia-Pacific was the largest region in the high-temperature battery market in 2024. The regions covered in high-temperature battery report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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